Nepse plunges to 323.19 points
KATHMANDU, June 7:
Nepse today lost 4.62 points to close the market at 323.19 points — the lowest in last six years.
All the eight subgroups traded today ended in the red zone pulling the secondary market down from today morning’s opening of 327.81 points.
The key player of the secondary market commercial banks group lost 6.12 points due to Everest Bank that lost Rs 78 per unit share, Standard Chartered Bank Nepal that lost Rs 19 per unit share, Himalayan Bank that lost Rs 18 per unit share and Machhapuchhchhre bank that lost Rs 10 per unit share.
Similarly, Bishal Bazar Company lost Rs 109 per unit share to drag trading group by 9.34 points to close it at 241.97 points today.
Similarly, total paid-up capital of the listed companies stood at Rs 97.09 billion in mid-April 2011 — an increase of 30.7 per cent over the period of one year. The increase was largely due to the additional listing of securities at the Nepse.
“As at mid-April 2011, additional securities worth Rs 24 billion including ordinary share of Rs 8.09 billion, bonus share of Rs 3.57 billion, right share of Rs 7.35 billion and government securities of Rs 4.99 billion were listed at the Nepse but the demand has not increased.
Low investors’ confidence coupled with lack of liquidity, over supply and low demand, and uncertain political scenario has Rising interest rates has also lured funds to financial institutions from the securities market, said market analyst Rabindra Bhattarai.
“The short-term interest rates remained slightly higher in mid-April 2011 compared to mid-April 2010 as the weighted monthly average 91-day Treasury Bill rate stood at 9.06 per cent in mid-April 2011 compared to 7.35 per cent in mid-April 2010,” the central bank data revealed.
Source: THT
Nepse today lost 4.62 points to close the market at 323.19 points — the lowest in last six years.
All the eight subgroups traded today ended in the red zone pulling the secondary market down from today morning’s opening of 327.81 points.
The key player of the secondary market commercial banks group lost 6.12 points due to Everest Bank that lost Rs 78 per unit share, Standard Chartered Bank Nepal that lost Rs 19 per unit share, Himalayan Bank that lost Rs 18 per unit share and Machhapuchhchhre bank that lost Rs 10 per unit share.
Similarly, Bishal Bazar Company lost Rs 109 per unit share to drag trading group by 9.34 points to close it at 241.97 points today.
Similarly, total paid-up capital of the listed companies stood at Rs 97.09 billion in mid-April 2011 — an increase of 30.7 per cent over the period of one year. The increase was largely due to the additional listing of securities at the Nepse.
“As at mid-April 2011, additional securities worth Rs 24 billion including ordinary share of Rs 8.09 billion, bonus share of Rs 3.57 billion, right share of Rs 7.35 billion and government securities of Rs 4.99 billion were listed at the Nepse but the demand has not increased.
Low investors’ confidence coupled with lack of liquidity, over supply and low demand, and uncertain political scenario has Rising interest rates has also lured funds to financial institutions from the securities market, said market analyst Rabindra Bhattarai.
“The short-term interest rates remained slightly higher in mid-April 2011 compared to mid-April 2010 as the weighted monthly average 91-day Treasury Bill rate stood at 9.06 per cent in mid-April 2011 compared to 7.35 per cent in mid-April 2010,” the central bank data revealed.
Source: THT
